One of the oldest surviving cars sold by Ford Motor Co. is back in the hands of the Ford family. Bill Ford Jr., executive chairman of the Dearborn automaker, was the winning bidder — spending $264,000 — in an auction earlier this fall for an original 1903 Ford Model A Rear Entry Tonneau. Previously, the winning bidder of the October auction in Hershey, Pa., had not been revealed by RM Auctions, an automobile auction house. The car is now in Dearborn, where it will help kick off a yearlong celebration of the 150th anniversary of Henry Ford's birth. Henry Ford was founder of the Ford Motor Co. "The legacy of Henry Ford includes many lessons from the past that can help us shape our future and make it better," Bill Ford Jr. said at an employee event Tuesday. Visit Detroit News for full article

"The Model A Rear Entry Tonneau sold for less than half of its 2007 closing bid of $630,000, according to RM Auctions. It had last gone to auction in 2010, receiving a high bid of $325,000, but that amount did not meet the auction reserve."

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Seems it lost almost $400,000 in value since 2007. Bill Ford got a great buy!